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When does a credit card justify the fees?

Are credit card fees too high?

If you believe the employees of the branch banks and savings banks, the comprehensive service of these money houses justifies their fees for a credit card. We don’t want to comment on that anymore, we just want to leave it in the room. You can find additional information instead of a comment under the following link.

The market is flooded with free credit cards. Nevertheless, credit cards with an annual fee still hold their ground. The reason is not the solidarity of a bank customer with his adviser. Rather, there are equipment features that ultimately outweigh the costs in terms of profitability.

Prefer a tank discount?

Of course, it goes without saying that premium cards like the Lite Card from American Express are not available for free. Probably the most exclusive credit card in the world sees itself least as a means of payment. For the majority of consumers, it is less the status and support that go with a premium card that counts, but much more the financial benefits.

On the one hand, this consists of the elimination of the fees, on the other hand, to receive discounts. The most popular credit cards in this direction are the Cream Bank cards from the airlines. For frequent flyers, the annual basic fee will definitely pay off. The savings from the miles earned far outweigh these costs. The situation is similar with the credit cards, which offer a discount at the petrol pump. Here we have to differentiate.

Some providers maximize the fuel bonus to the annual fee. In the most favorable case, the cardholder will receive his card free of charge. Of course, the more attractive models are those that have no maximization of the discount. With these cards it is possible to achieve savings beyond the card fee at the end of the year.

Emotions also play a role in the selection

Football clubs now also offer their members credit cards with the club logo. The fan has no economic advantage of this, but shows which club his heart is beating for. Football is emotion, and at the end of the day it can be found in one or the other supporter in the wallet. Unfortunately, the possible discounts on credit cards are excluded.

A Cream Bank card does not offer a discount when refueling, a card with a tank discount does not offer cashback points when shopping. Fortunately, there are now enough free credit cards that allow further discounts. The bottom line is that the cardholder can also enjoy discounts elsewhere without any additional financial expense. Even if it’s just a matter of withdrawing cash free of charge from ATMs once or twice a year abroad.